Market Reports: Wall Street On the Up As Traders Keep One Eye On Election

Summary

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US STOCKS rose slightly yesterday as pre-election jitters kept Wall Street off-balance and investors sorted through a mix of economic data. The market was also cheered by falling oil prices that sent crude futures below dollars 50 per barrel.

Investors welcomed a 0.6 per cent rise in consumer spending, coming after a 0.1 per cent drop in August. However, the Commerce Department also noted that personal incomes rose by only 0.1 per cent, and that the savings rate fell to 0.2 per cent, down from 0.7 per cent.

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Extract

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Market Reports: Wall Street On the Up As Traders Keep One Eye On Election

The Institute for Supply Management's manufacturing index also weighed on investors. Although manufacturing activity grew for the 17th straight month, the October reading of the index, which cam...

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